Wolverine World Wide (WWW) has risen sharply, recording gains of 10.22% in the past 4 weeks. However, the stock has corrected -3.94% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.25% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Wolverine World Wide (NYSE:WWW): The stock opened at $22.42 on Friday but the bulls could not build on the opening and the stock topped out at $22.50 for the day. The stock traded down to $22.08 during the day, due to lack of any buying support eventually closed down at $22.21 with a loss of -2.80% for the day. The stock had closed at $22.85 on the previous day. The total traded volume was 1,447,076 shares.
The stock has recorded a 20-day Moving Average of 3.4% and the 50-Day Moving Average is 12.7%. Wolverine World Wide Inc. is up 14.85% in the last 3-month period. Year-to-Date the stock performance stands at 33.77%.
Wolverine World Wide, Inc. is a designer, manufacturer and marketer of casual footwear and apparel, outdoor and athletic footwear and apparel, childrens footwear, industrial work boots and apparel, and uniform shoes and boots. The Company operates in three operating segments: Lifestyle Group, consisting of Sperry Top-Sider footwear and apparel, Stride Rite footwear and apparel, Hush Puppies footwear and apparel, Keds footwear and apparel, and Soft Style footwear; Performance Group, consisting of Merrell footwear and apparel, Saucony footwear and apparel, Chaco footwear, and Cushe footwear, and Heritage Group, consisting of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Sebago footwear and apparel, Harley-Davidson footwear, and HyTest safety footwear. The Other category consists of the Companys multi-brand consumer-direct business, leather marketing operations, and sourcing operations that include third-party commission revenues.